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Business, 14.01.2020 05:31 stdias

Nova electrics anticipates cash flow from operating activities of $12 million in 20x1. it will need to spend $9.5 million on capital investments to remain competitive within the industry. common stock dividends are projected at $.40 million and preferred stock dividends at $.32 million.

a. what is the firm’s projected free cash flow for the year 20x1? (enter your answer in millions of dollars rounded to 2 decimal places.)

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